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Daily Turnover Rockets to Rs 11.65 Billion as NEPSE Drops 12.04 Points – International Edition
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On Thursday, Nepal Stock Exchange (NEPSE) dropped by 12.04 points, finishing at 2,661.64 points. Stockbrokers report that the secondary market showed negative performance following an influx of investors looking to secure profits from the increased share prices on Wednesday, as the market index rose by over 62 points. The secondary market began the session…
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Perseus Mining Transfers GH₵73M Dividend to State: International Edition
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Perseus Mining (Ghana) Limited has paid a dividend of GH₵73.5million – approximately US$5million –\xa0 to government for the 2024 financial year. Perseus declared a total dividend of US$50million for the 2024 financial year. The state has a 10 percent carried interest through the Ministry of Lands and Natural Resources. Speaking during the presentation of…
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Tokyo Stocks Surge Following U.S.-U.K. Trade Deal
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Tokyo stock prices surged significantly on Friday following a trade deal between the United States and Britain, which sparked optimism about advancements in negotiations between Washington and other trading nations. The Nikkei Stock Average with 225 issues concluded trading 574.70 points, equivalent to an increase of 1.56%, reaching 37,503.33, surpassing the 37,000 mark for…
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Finance Minister Supports FABAG’s Call for Broad Price Cuts
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The Food and Beverage Association of Ghana (FABAG) has reported that the costs of major products in their industry are starting to drop, with expectations for additional decreases over the next few weeks. At a stakeholders meeting alongside the Finance Minister, John Awuni, who serves as the Executive Secretary of FABAG, verified that the…
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Stock Market Plummets: Another 6,482 Points Lost in Global Shake-Up
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On Thursday, the 100-index of the Pakistan Stock Exchange (PSX) experienced a downturn, shedding an additional 6,482.21 points—a decline of 5.89%. It finished at 103,526.82 points compared to the previous session’s close of 110,009.03 points. During the day, a total of 653,550,383 shares were exchanged compared to 550,076,224 shares from the prior trading session.…
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Dollar’s Rise Boosts Optimism, Pushes Won Below 1,400
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On May 9, the South Korean won depreciated beyond the 1,400 mark relative to the US dollar, marking its second consecutive day of gains as improved sentiment regarding reduced global trade frictions bolstered the American currency. The won started trading at 1,404.8 against each dollar, marking an increase of 8.2 won compared to the…
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VFD Shareholders Greenlight $8.2M Dividend Payout
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The shareholders of VFD Group Plc have sanctioned a dividend distribution of N3.17 billion during the firm’s 9th Annual General Meeting, which was conducted online in Lagos on Thursday. The sanctioned dividend amounts to N2.50 for each share. Furthermore, the shareholders agreed to a five-to-one stock dividend distribution, which the firm states exemplifies their…
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Absa Bank Soars Above the Rest: Stellar Q1 2025 Results Highlight Success
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Absa Bank Ghana has kicked off 2025 with an impressive first-quarter performance, reinforcing its position as a leader in Ghana’s banking industry. The bank’s strong financial performance, along with its strategic moves, has cemented its role as a leader in the sector. The bank announced a Profit-Before-Tax (PBT) of GH¢686 million for Q1 2025,…
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Gold Bars Drop in Price as Global Interest Rates Decline
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The price of gold bars in Vietnam decreased on Friday morning due to easing international bullion rates. The price of Saigon Jewelry Company’s gold bars decreased by 0.25% to VND120.2 million (US$4,627.34) per tael. The cost of gold rings remained constant at VND116.5 million per tael. It’s worth noting that one tael equates to…
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Commerzbank Outpaces UniCredit, Sees Profits Soar in International Edition (English)
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On Friday, German bank Commerzbank announced its highest quarterly profit since 2011, just before an important shareholders’ meeting where they aim to garner backing to counteract moves from Italy’s UniCredit. Since last year, UniCredit has significantly increased its holdings in its German rival, which has sparked speculation about a potential complete acquisition. However, this…